UK Commercial Property REIT sells Wembley logistics asset for £74m
UK Commercial Property REIT (UKCM) has sold its 186,455 sq ft Wembley180 logistics asset in north London to registered charitable company Covent Garden IP for £74m, reflecting a net initial yield of 3.49%.
Demand for ‘golden triangle’ lab space spurs spike in transactions
Rising demand for lab space in the ‘golden triangle’, the area spanning London, Oxford and Cambridge, saw a spike in transactions in Q1 2023, according to Cushman & Wakefield.
Wavensmere Homes strikes deal for Derby development plot
Birmingham-based housebuilder Wavensmere Homes have made a deal with Wilson Bowden Developments for one of the final plots of land within the revitalised Cathedral Quarter in Derby.
Valor agrees 57,000 sq ft urban logistics pre-let in Birmingham
Valor Real Estate Partners has secured Specialist Computer Centres (SCC) for a 57,000 sq ft pre-let at Oscar House logistics site in Birmingham.
Citu and Sheffield council exchange contracts on £300m green scheme
Developer Citu and Sheffield City Council have exchanged contracts on a long-awaited urban regeneration scheme with a GDV of £300m.
Gove orders probe into ‘industrial-scale corruption’ at Teesside regeneration
Michael Gove has agreed to an independent investigation into the government’s flagship regeneration project in Teesside after claims of “industrial-scale corruption”.
UK Biobank to develop new HQ at Manchester Science Park
UK Biobank is set to move to Bruntwood SciTech’s Manchester Science Park after receiving £127.6m research funding for the development of a new headquarters at the site.
Gove unlikely to back down on beauty
Planning experts believe housing secretary Michael Gove is likely to retain his stance that housing schemes should be “beautiful”, despite news he could rethink his rejection of a Berkeley Homes scheme in Kent on aesthetic grounds.
Bristol BTR supply 17,000 units short of 2040 target, says Gerald Eve
Supply in Bristol’s build-to-rent (BTR) market could fall 17,300 units short of 2040 targets due to failure to bring land forward, according to Gerald Eve.
FWM secures £1.75m sale of 15,400 sq ft Aberdeen office building
FWM Investments has secured the sale of the former head office of Duncan and Todd Opticians to a private property firm for £1.75m, representing a yield of 7.5%.
Swansea’s former Debenhams store to return to retail use after council purchase
Swansea Council has purchased the former Debenhams store in Swansea’s Quadrant Centre and is set to bring the 114,000 sq ft shopping centre unit back into use.
LSH makes four hires in Belfast
Lambert Smith Hampton (LSH) has made four appointments to its team in Belfast, including two directors.
IPUT gets green light for 64-acre logistics park
Irish property group IPUT Real Estate has secured planning permission for 795,000 sq ft of logistics space close to Dublin Airport.
